Bank of Marin Bancorp (BMRC) vs RBB Bancorp (RBB)

Bank of Marin Bancorp and RBB Bancorp are both Banks Regional companies. Bank of Marin Bancorp and RBB Bancorp are of similar size ($449.9M and $447.4M). Bank of Marin Bancorp has negative trailing earnings, so its P/E is not meaningful; RBB Bancorp trades at 10.8×. RBB Bancorp grew revenue faster over the last twelve months: 3.04% against −20.5%. RBB Bancorp has the higher net margin (17.3% vs −13.1%) and the higher return on invested capital (6.37% vs −9.12%). Both pay a dividend; Bank of Marin Bancorp yields more (5.81% vs 3.72%). Across the 19 metrics below, RBB Bancorp leads on 14 and Bank of Marin Bancorp on 5.

Valuation

Metric BMRC RBB Banks Regional median
P/E n/m 10.85 12.15
P/S 4.08 1.87 2.37
P/B 1.12 0.84 1.21
Price to free cash flow 11.62 8.30 10.80
EV/EBITDA n/m n/m —
EV/Sales 1.92 1.92 2.27
Earnings yield (3.26%) 9.22% 8.11%
Free cash flow yield 8.61% 12.05% 8.98%

Profitability

Metric BMRC RBB Banks Regional median
Gross margin 56.00% 54.87% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin (13.07%) 17.26% 18.66%
Free cash flow margin 35.12% 23.01% 21.18%
Return on equity (3.41%) 7.93% 10.64%
Return on assets (0.38%) 1.00% 1.13%
Return on invested capital (9.12%) 6.37% 8.33%

Growth

Metric BMRC RBB Banks Regional median
Revenue growth (TTM) (20.46%) 3.04% 6.61%
EPS growth (last fiscal year) (330.77%) 24.49% —
Revenue growth, 5-year CAGR (6.87%) 9.22% 12.30%
Net income growth, 5-year CAGR 0.00% (0.60%) 9.71%

Health

Metric BMRC RBB Banks Regional median
Debt to equity 0.11 0.55 0.22
Current ratio 0.72 1.07 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BMRC RBB Banks Regional median
Dividend yield 5.81% 3.72% 3.75%
Payout ratio 0.41 0.20 0.27

Size

Metric BMRC RBB Banks Regional median
Market cap 449.88m 447.43m 921.07m

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